BB inks deals with 24 banks, FIs for FDI

Bangladesh Bank (BB) yesterday signed separate Participating Financial Institutes (PFI) agreements with nineteen commercial banks and five Financial Institutions (FIs) to promote the country's private sector and foreign direct investment (FDI), reports BSS.

BB inked the agreements for implementing the "Foreign Direct Investment Promotion Project" aimed at accelerating the country's economy through increasing FDI from Japan, said a press release.

BB Governor Fazle Kabir attended the agreement signing ceremony as the chief guest while Japan International Cooperation Agency (JICA) Bangladesh Office Chief Representative Takatoshi Nishikata and BB Deputy Governor Abu Hena Mohammad Razee Hassan, among others, were present at the function.

On December 2015, BB and JICA signed a loan agreement to provide Japanese yen 7,109 million, from that 7,033 million on-lending Japanese yen, loan fund with a view to accelerating economic development of Bangladesh by promoting the private sector investment in the country and FDI from Japan through the implementation of the development project.

 

BB inks deals with 24 banks, FIs for FDI

Bangladesh Bank (BB) yesterday signed separate Participating Financial Institutes (PFI) agreements with nineteen commercial banks and five Financial Institutions (FIs) to promote the countrys private sector and foreign direct investment (FDI), reports BSS. BB inked the agreements for implementing the Foreign Direct Investment Promotion Project aimed at accelerating the countrys economy through increasing FDI from Japan, said a press release. BB Governor Fazle Kabir attended the agreement signing ceremony as the chief guest while Japan International Cooperation Agency (JICA) Bangladesh Office Chief Representative Takatoshi Nishikata and BB Deputy Governor Abu Hena Mohammad Razee Hassan, among others, were present at the function. On December 2015, BB and JICA signed a loan agreement to provide Japanese yen 7,109 million, from that 7,033 million on-lending Japanese yen, loan fund with a view to accelerating economic development of Bangladesh by promoting the private sector investment in the country and FDI from Japan through the implementation of the development project.